Germany Faces Consumption-Fueled Boom In 2015 That Won't Last - Survey

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Andrea Thomas BERLIN--Private consumption will fuel Germany's economy this year with almost half the companies forecasting production growth but this consumption-driven boom will be a flash in the pan, according to a survey from a leading German institute published ...

European Stocks Fall on Greece Concerns --Update

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Tommy Stubbington European stocks fell Monday after Friday's deadlock in negotiations over unlocking further financial aid for Greece kept markets on edge. The Stoxx Europe 600 was 0.3% lower late morning, giving up part of the previous week's gains. ...

European Stocks Fall After Greek Talks Deadlock

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Tommy Stubbington European stocks fell Monday after Friday's deadlock in negotiations over unlocking further financial aid for Greece kept markets on edge. The Stoxx Europe 600 was 0.5% lower in early trade, giving up part of the previous week's ...

China Doesn't Need Strong Stimulus: PBOC Chief Economist

TODAY: April 27, 2015 PUB DATE: April 27, 2015

BEIJING--China's economy faces downward pressure but it doesn't need strong stimulus to boost growth, said Ma Jun, chief economist of the People's Bank of China, according to the state-run People's Daily on Monday. Mr. Ma said China's job market is ...

Thai Vehicle Production Falls 1.72% in March From a Year Earlier

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Nopparat Chaichalearmmongkol BANGKOK--Vehicle production in Thailand fell 1.72% in March from a year earlier to 178,217 units, according to the Federation of Thai Industries. March vehicle production fell 0.52% in March from a month earlier, the FTI's Automotive Industry ...

Japan's Inpex Secures 5% Stake in Abu Dhabi Oil Concession

TODAY: April 27, 2015 PUB DATE: April 27, 2015

TOKYO--Japan's Inpex Corp. has secured a 5% stake in Abu Dhabi Company for Onshore Oil Operations, or ADCO, one of the Gulf nation's biggest oil concessions, becoming the second foreign stakeholder after France's Total SA. The move suggests that as ...

Blackstone Group Buys U.K. Industrial Warehouses

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Art Patnaude Blackstone Group LP has bought 16 industrial warehouses in the U.K., the latest sign that the U.S. private-equity firm is using its deep pockets to push into all corners of the European real-estate market. The firm, through ...

Cyprus Eyes Possible New Bond

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Emese Bartha Cyprus is preparing its second bond issue in less than a year in an effort to rebuild its finances following a bailout of its banking system in 2013. The Mediterranean island country has hired a group of ...

Mylan Rejects Teva's Unsolicited $40 Billion Bid

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Tess Stynes Mylan N.V. said its board unanimously rejected the unsolicited bid from Teva Pharmaceutical Industries Ltd., the latest move in a three-way tussle in a generic-drug industry facing challenges from slowing growth. A Teva spokesman wasn't immediately available ...

Chinese Anticorruption Investigators Probe Sinopec's President -- Update

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Brian Spegele BEIJING--China's leaders are deepening their probes into China's distressed oil sector as the nation's top refiner faced new scrutiny on Monday, illustrating the staying power of an antigraft drive that has shaken China's powerful state-owned enterprises. China's ...

Pound Buoyant Despite Election Uncertainty

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Tommy Stubbington and Josie Cox Investors hate uncertainty, the old cliché runs. But ahead of one of the least certain elections in recent U.K. history, investors in sterling seem mostly buoyant. The British pound has bounced back in recent ...

Capgemini Buys IGATE for $4 Billion

TODAY: April 27, 2015 PUB DATE: April 27, 2015

PARIS--French computer services and technology company Capgemini said Monday it will buy U.S. peer IGATE for $4 billion, making North America the French company's largest market. Capgemini, which reported EUR2.76 billion ($3 billion) in revenue in the first quarter of ...

Applied Materials, Tokyo Electron Scrap Merger Plan

TODAY: April 27, 2015 PUB DATE: April 27, 2015

TOKYO-- Applied Materials Inc. and Tokyo Electron Ltd. said that they will scrap plans to merge their operations, citing problems with the U.S. Department of Justice. The deal, which was unveiled in September of 2013, would have created a company ...

M2 Group Offers $1.18 Billion for iiNet

TODAY: April 27, 2015 PUB DATE: April 27, 2015

SYDNEY--M2 Group (MTU.AU) has launched a takeover offer for internet-service-provider iiNet Ltd. (IIN.AU), setting the scene for a possible bidding war with TPG Telecom Ltd. (TPM.AU). M2 Group's all-scrip offer values the target at 1.5 billion Australian dollars (US$1.18 billion), ...

Spain to Lift 2015 Growth Target -- Update

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By David Román MADRID--Spain's economy is expected to grow 2.9% this year, Prime Minister Mariano Rajoy said Monday, touting the improved forecast as a result of his government's spending curbs and warning against populist alternatives in this year's elections. Mr. ...

MARKET SNAPSHOT: U.S. Stocks: Futures Inch Higher, Point To Records

TODAY: April 27, 2015 PUB DATE: April 27, 2015

By Anora Mahmudova and Barbara Kollmeyer, MarketWatch Asian stocks rally U.S. stock-index futures moved higher Monday, pointing to fresh records on Wall Street. Investors remain optimistic about results from thelargest company on the market, Apple Inc., which is expected to ...

Greece Shuffles Team Negotiating With Creditors

TODAY: April 27, 2015 PUB DATE: April 27, 2015

ATHENS--Greece has shuffled the team involved in bailout talks with the country's international creditors, a senior government official said Monday, in a move that may reduce the influence outspoken Greek finance minister Yanis Varoufakis has on the slow-moving negotiations. The ...